Vivendi plans to raise the price of its tender offer for Lagardère shares

Feb 18 (Reuters) – Lagardere SA:

* VIVENDI PLANS TO RAISE THE PRICE OF ITS TENDER BID ON LAGARDÈRE SHARES

*VIVENDI’S DEFINITIVE DECISION ON THE TERMS OF ITS PUBLIC OFFER WILL BE TAKEN BY ITS EXECUTIVE BOARD AND RELEASED ON FEBRUARY 21, 2022, THE DATE ALSO ENVISAGED FOR ITS FILING

* PLANS TO GUARANTEE THE PRICE OF 24.10 EUROS UNTIL DECEMBER 15, 2023 AND TO INCREASE, FOR THOSE OF SHAREHOLDERS WISHING TO SELL THEIR SHARES IMMEDIATELY, THE PRICE OF ITS PUBLIC TENDER OFFER TO 25.50 EUROS PER SHARE, INCLUDING THE 2021 DIVIDEND WILL BE DEDUCTED

* PROVIDED VIVENDI REACHES A MAJORITY OF LAGARDÈRE’S SHARE CAPITAL IN THE OFFER, SHAREHOLDERS MAY THEREFORE RECEIVE THE RIGHT TO SELL TO VIVENDI, FOR A PRICE OF 24.10 EUROS, UNTIL DECEMBER 15, 2023, THE SHARES THEY HAVE NOT MADE TO THE PURCHASE OFFER For more details, click on [VIV.PA, LAGA.PA] (Gdansk Newsroom)